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US President Donald Trump has canceled a base that would require decentralized financing protocols (Defi) to report all transactions to the IRS service, which is often referred to as the DEFI.
Trump was officially killed by Al Qaeda by signing a decision on April 10, which represents the first time that pro -profit actions have been made to the US Senate.
Soon, the DEFI Base Decision was found his way to Congress
Al Qaeda was presented by the Biden Administration in recent days of the former White House president.
It was scheduled to enter into force in 2027, and would have expanded the requirements of the current reports of the tax authority to include Defi platforms.
The decision to kill the draft law soon made its way to Congress. It was removed from the Roads and Means Committee on February 25, where the House of Representatives passed the decision on March 11.
Actor Mike Curry, who supported the draft law to cancel the DEFI broker base, said in A. statement The rule “hindered the American innovation, violated the privacy of ordinary Americans, and was appointed to overcome the Tax Authority.
History made
now, potus My bill has signed to cancel the base of the Crypto Defi Defi broker.
This is the first draft law on encrypted currencies ever.@House It works to preserve America as the world of encryption in the world!
– Congress Member Mike Curry (Repmikecarey) April 10, 2025
However, not everyone shares Carrie’s view. Resolution opposition, including Lloyd Doggett, argues that killing Defi’s medi base will open a loophole that wealthy can use to deceive the tax system.
Stablecoin Legislation is the following coding priority for Congress
After the decision to cancel Defi mediator baseThe following priority for cryptos is the Stablecoin legislation.
The bills related to Stablecoin legislation have already released the relevant committees in both the House of Representatives and the Senate, and they are now waiting for the voices of the floor in each room.
president Trump He also called for a stablecoin bill on his office by August, which lawmakers working in legislation say it is an implementable timetable.
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